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WAEC SSCE - Financial Accounting - 2022

Pregunta 1 Informe

Use the following information to answeer questions below

Kako Ltd bought a machine for D 1,200,000 on 1st January 2018. Depreciation was provided annually at a rate of 10% using the diminishing balance method. The machine was sold for D 880,000 on 31st December 2021.
 


The profit or loss on disposal of the machine was